a hand writing the word TAX on a piece of paper

What you need to know about your Notice of Assessment

Jul 18, 2019
After you file your tax return, you’ll be issued a Notice of Assessment (NOA) from the Canada Revenue Agency (CRA). We provide some tips on what to look for when you receive your NOA, common reasons for discrepancies between your NOA and tax return and how to handle them.

Tags: Audit Representation, Farm Taxes, Financial Planning, Legal & Compliance, Small Business Taxes, Tax Consultation, Tax Planning , Tax Preparation

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a calculator, laptop and notepad used for receipt organization

7 simple ways to organize your receipts

Jul 04, 2019
Does the thought of organizing your receipts fill you with dread? We get it. It can seem overwhelming to keep track of your receipts on top of the busy demands of running your own business. But putting in the work now means you’ll save time when it comes to filing your taxes.

Tags: Bookkeeping, , Financial Planning, Small Business Taxes, Tax Planning, Tax Preparation

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Two business owners review documents

Choosing the right business structure

Jun 18, 2019
Choosing the right structure for your business can have implications on taxation, liability, and succession planning.

Tags: Small Business Taxes, Farm Taxes, Legal & Compliance, Tax Planning

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a mother plays with her child on the floor

Can you get the Canada Child Benefit if you’re self-employed?

May 29, 2019
The Canada Child Benefit is a tax-free monthly payment for those with children under the age of 18.

Tags: Tax Consultation, Tax Preparation , Tax Planning, Farm Taxes

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Cottage on the lake

3 Things You Need to Know About Taxes and the Sharing Economy

May 08, 2019
There are lots of ways Canadians are taking advantage of the sharing economy, maybe without even knowing it.

Tags: Audit Representation, Bookkeeping, Farm Risk Management, Farm Taxes, Tax Planning, Financial Planning, Small Business Taxes, Tax Preparation

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Federal Budget Report 2019

Federal Budget Report 2019

Mar 19, 2019
The 2019 Federal Budget, entitled “Investing in the Middle Class.” First-time homebuyers, farmers and First Nations communities are among the top priorities in Canada's 2019 federal budget.

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How the US Tariff War is Affecting Canada’s Agriculture Industry

How the US Tariff War is Affecting Canada’s Agriculture Industry

Mar 06, 2019
U.S. tariffs on imports have caused negative shifts in the global agricultural supply. As a result, Canadian farmers have become innocent bystanders, hit by China’s retaliatory trade strikes against the United States.

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Canadian Dairy Farm Investment Program

Dairy Farm Investment Program

Dec 20, 2018
The Dairy Farm Investment Program is a five-year $250-million program to help Canadian cow milk producers improve productivity through upgrades to their equipment.

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Restricted Farm Losses: The Plight of the Part-Time Farmer

Restricted Farm Losses: The Plight of the Part-Time Farmer

Dec 12, 2018
Farm losses may be used to offset other sources of income so long as the chief source of income of a taxpayer is generated through the business of farming.

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Farm Business Tax Tips: Methods of Reporting Farm Income

Farm Business Tax Tips: Methods of Reporting Farm Income

Nov 28, 2018
Canadian farmers can calculate their income using the accrual or cash method. When it comes to tax planning, it’s important to know the benefits of each.

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“People who are enthusiastic make more money than people who are not enthusiastic. Choose to be enthusiastic.” — Don Connelly